RE:RE:RE:RE:financingQuarterDollar wrote: - Granted this hickup is annoying, but I am more focused on Almonty's growth strategy.
- The one thing I didn't like was the fact that we sized the infrastructure for 640kt, and then the S.K. Govt and Industry showed up at the 11th hour saying hey Almonty, you need to produce more output than your pnanned maximum capacity. Well how is that going to work? Are we having two sets of all equipment, mills, crushers, floatation circuits?
- That to me isn't very cost effective. Perhaps we are going through a resizing of the plant and equipment. Any costing penalties would have to be picked up by the Gov't or Industry.
- And of course LB couldn't make a NR because it hasn't been finalized. This would definitely change the date of the loan and perhaps they are merging the $75M and the new $50M loans together.
Just some food for thought.
640kt will be almost twice that at 1.2ish mt full ramp up, but as I said before, Almonty might have left a bit more romm in the design to go further. I'm just not sure, but maybe.
In the old and last Woulfe Mining Corp process plant layout drawings that we produced there was two steams of mills and process equipment sitting on the river level of the site, plus a stockpile fully enclosed that was 28,600 Tonnes in capacity holding ore crushed and sized to -8mm to report to the mills for grinding.
This is much larger than the.one that Almonty proposes. Very much larger.
But, and this a BIG BUT, the mountain side to the West near the original portal above would need to have a massive chunk removed to allow for more floor space at plant level, plus the expensive task to shore up that mountain side to prevent land slides.
I remember Brian Wesson saying in the office "$150 mill should cover this project", so at half that price and with limited space Almonty has economised to keep the the max production with minimal earthworks, and utilise existing buildinggs to reduce costs.
As far as a total redesign and re-order of equipment, I think it's far too late as all this should be already in place. To do this would add a year at least to the time line. Plus the space is just not there.
Equipment due on site this month, civils works due next month.
The underground operations can only handle so much to blast and dig safely, so that is another consideration to ponder.
Is there a plan to increase mining safely ? Probably not. You can only go so fast in a safe fashion.
My only other thought is, has the financing bank turned its eyes away from investors to concentrate on the Russian mess ???
Food for thought.
How to cook a Tungsten-Molly meal (flotation is also part of the process) just don't eat it as the 11 secret herbs and spices are lethal lol :- 1) Add acid to the tungsten-molybdenum mixed solution to adjust the pH to 1-3, so that tungsten and molybdenum respectively form a precipitate of tungstic acid and molybdic acid, then they are washed by filtration to obtain a mixed precipitate of tungstic acid and molybdic acid;
2) Add hydrogen peroxide to the mixture precipitate, acid is added at the same time, then stir the reaction vessel to form a mixture solution of peroxytungstic acid and peroxolybdic acid;
3) Control the temperature of the mixture obtained in the step 2 to be 25 to 80 ° C, add tungsten powder to precipitate tungsten as tungstic acid; filter the solution to obtain a tungstic acid precipitate and an acidic solution containing molybdenum;
4) The obtained tungstic acid precipitate is washed and calcined to prepare tungsten trioxide, or dissolved in ammonia water to obtain an ammonium tungstate (APT) solution, and then APT is prepared by evaporation crystallization;
5) Extract molybdenum in the obtained molybdenum-containing acidic solution by using an extracting agent/ion exchange resin, and returning the raffinate/post-liquid to the mixed solution used in the step 1 or the step 2;
6) A stripping is carried out to the organic phase/resin containing molybdenum with ammonia water to obtain an ammonium molybdate solution, and after acid precipitation, ammonium tetramolybdate is obtained.
The tungsten or molybdenum separated by this method for separating tungsten and molybdenum can reach the China’s national standard 0, and the prepared tungsten or molybdenum can be directly used for the preparation of the respective products. This method has a simple process and easy to control, and can to be applied in industrialization.